Canada losing the race to sell LNG

“The cost of building an LNG plant is also a risk, Mr. Calvert said. In Australia, LNG construction prices have tripled in six years, he noted, and the construction costs in Canada are roughly comparable to those in Australia.

In other words, Canadian gas exports are anything but a slam dunk, especially with Australia’s substantial lead to market. It is a global race to sell LNG, said PricewaterhouseCoopers national energy leader Reynold Tetzlaff, and Australia has an important lead.”